This page hosts daily news stories about the media, social media, and the journalism industry. Get the latest Hirings and Firings, Media Transactions, Controversies, and more.
Stephen Colbert Slams CBS and Paramount Over “Late Show” Cancellation
Stephen Colbert harshly criticized CBS and its parent company, Paramount Global, on-air following the announcement that “The Late Show” will be canceled, a move the network claims is due to financial losses. Colbert disputed CBS’s claims of a $40 million annual loss and suggested the figures were inflated, hinting at Paramount’s recent settlement with President Trump over a “60 Minutes” segment. The comedian implied that the cancellation may be politically motivated, as Paramount seeks approval for a merger with Skydance, potentially swayed by Trump. Colbert received support from other late-night hosts, including Jon Stewart, who also works for Paramount-owned Comedy Central. (Read More) (The Hill Rating)
Axel Springer CEO Mandates AI Use in All Operations
Axel Springer CEO Mathias Döpfner declared that using AI tools is now expected across the media company, which owns Politico, Business Insider, and German outlets Bild and Welt. During a company-wide meeting, Döpfner stated that employees must justify any instance where AI is not utilized. Emphasizing the scale of technological change, he advocated for building a new high-growth business beyond journalism and marketing. Axel Springer previously struck a deal with OpenAI to train AI models on its content. Döpfner views AI as an ally to journalism, enabling efficiency in routine tasks and allowing journalists to focus on investigative reporting. (Read More) (MediaPost Rating)
Wall Street Journal Removed from Trump’s Press Pool Amid Epstein Dispute
The Trump White House has barred the Wall Street Journal from joining the press pool covering the president’s trip to Scotland, citing a recent lawsuit over a story involving a letter linked to Jeffrey Epstein. Trump claims the letter, allegedly bearing his name and described in a WSJ article, is fake. Press Secretary Karoline Leavitt said the administration no longer guarantees access to any specific outlet and called the WSJ’s conduct defamatory. The move follows broader efforts by the Trump administration to restrict media access and control press coverage, echoing earlier press freedom concerns. (Read More) (Axios Rating)
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